Common use of Resource Sufficiency; Reductions Clause in Contracts

Resource Sufficiency; Reductions. (A) As part of the Monthly Scorecard, State Street will provide a report to the BTC Recipients indicating the turnover rate for State Street Personnel who are primarily dedicated to providing Services during the prior month, which, for the avoidance of doubt, shall exclude any State Street Personnel who work in a shared services group. (B) At each meeting of the Executive Committee, the Executive Committee will discuss any concerns that the BTC Recipients may have with respect to any such turnover and, as applicable, the plans of State Street to address excessive turnover, and the status of State Street’s implementation of such plans. (C) State Street will notify the Executive Committee prior to implementing any plan to decrease its staffing of the Services.

Resource Sufficiency; Reductions. (A) As part of the Monthly Scorecard, State Street will provide a report to the BTC Recipients indicating the turnover rate for State Street Personnel who are primarily dedicated to providing Services during the prior month, which, for the avoidance of doubt, shall exclude any State Street Personnel who work in a shared services group. (B) At each meeting of the Executive Committee, the Executive Committee will discuss any concerns that the BTC Recipients may have with respect to any such turnover and, as applicable, the plans of State Street to address excessive turnover, and the status of State Street’s 's implementation of such plans. (C) State Street will notify the Executive Committee prior to implementing any plan to decrease its staffing of the Services.

Resource Sufficiency; Reductions. (A) As part of the Monthly Scorecard, State Street will provide a report to the BTC BGI Recipients indicating the turnover rate for State Street Personnel who are primarily dedicated to providing Services during the prior month, which, for the avoidance of doubt, shall exclude any State Street Personnel who work in a shared services group. (B) At each meeting of the Executive Committee, the Executive Committee will discuss any concerns that the BTC BGI Recipients may have with respect to any such turnover and, as applicable, the plans of State Street to address excessive turnover, and the status of State Street’s 's implementation of such plans. (C) State Street will notify the Executive Committee prior to implementing any plan to decrease its staffing of the Services.